Real estate owners and operators are facing many recurring challenges in 2023, like labor shortages and supply chain disruptions, while they also grapple with new issues like ESG reporting requirements, energy resiliency, and more.
The FTC’s new Safeguards Rule addresses how higher ed institutions must protect students’ information from cyberattacks.
The hospitality industry remains challenged despite strong performance driving investment in the luxury hotel market.
By Neena Shukla, CPA, CFE, CGMA, FCPA, CTP | If you have a responsible estimating system, you would typically anticipate recovering all of your direct costs. However, to ensure recovery of your Company’s indirect costs, requires a good budgeting process and established internal controls.
Some of the top issues facing construction contractors in 2023 are the economy, supply chain, higher costs, and labor. Opportunities include hiring women and minorities, sustainable building, construction technology, and more.
The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.
Real estate developers can now use a more streamlined approach to capture estimated common improvement costs using the alternative cost accounting method as outlined in new IRS guidance released in January 2023.
Budget variances, the difference between planned billing rates and planned forward pricing rates and actual performance, favorable and unfavorable, will happen. When they do, it is critical to profitability to understand what is causing the variance so it can be considered in your budgeting process going forward or operationally corrected.
Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.
As the first quarter of 2023 wraps up, nonprofits are experiencing lower donations. The economy and consumer spending remain top leading indicators for the segments Museums, Parks, and Zoos, Private Schools, and Membership Associations.
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